#Write2Earn
🚀 Riding the AUCTIONUSDT Wave: Trade Breakdown & Outlook
Hey traders and crypto enthusiasts! Today, I’m excited to break down a fascinating setup on AUCTIONUSDT that’s caught my eye — and maybe yours too.
Currently, AUCTION is trading at $11.328, showing a modest +0.25% gain. But what’s interesting isn’t just the price — it’s the pattern unfolding on the chart.
📈 Chart Analysis
We’re looking at a rising channel on the 1-hour timeframe, with price bouncing between support and resistance. Check out that sharp hand-drawn projection on the chart — yes, that big upward swing! It suggests potential bullish momentum, possibly pushing us past the recent 24h high of $11.402.
The volume also tells a story:
• AUCTION 24h Vol → 844,625
• USDT 24h Vol → 944M
This indicates decent liquidity, so price moves could be meaningful. Also, note that buy-side interest (30.81%) still trails behind sell pressure (69.19%) — a potential sign that if we break out, we could see a short squeeze.
📊 Key Levels to Watch
• Support: $11.29 – $11.25
• Resistance: $11.45 and above
• MACD & RSI: Showing early bullish signals — worth watching for confirmation.
⚙️ Trade Idea
If you’re thinking of jumping in:
• Conservative entry → near support
• Aggressive entry → on breakout above $11.45
• Stop loss → below $11.25
• Take profit → scale out around $11.60–$11.80 or higher if momentum picks up
⚠️ Reminder: Always DYOR (do your own research) and manage risk!
❤️ Like, Share & Follow
If you enjoyed this trade breakdown and want more real-time analysis, hit that Like, Share, and Follow button! Let’s grow this trading community together and ride these crypto waves like pros.
Stay tuned for more updates — we’re just getting started!